The US Treasury Secretary hinted that the stock market fell due to sell-offs triggered by DeepSeek, not related to Trump

PANews reported on April 3rd, according to Jinshi, US Treasury Secretary Bessent stated Wednesday night local time that the stock market sell-off is more due to a significant pullback in large tech stocks rather than the Trump administration's protectionist policies. In a television interview, Bessent said: "I am striving to be the Treasury Secretary, not a market commentator. What I want to point out is that especially when the Nasdaq index reached its peak on DeepSeek day, so this is an issue with Mag7 (the seven giants of US stocks), not an issue with MAGA."